QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

12 Months Ended

Nov. 03, 2013

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) [Abstract]

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

NOTE 23 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following table sets forth certain unaudited quarterly financial data:

	First		Second		Third		Fourth		Year
Fiscal 2013:
							(a)		(a)
Net sales	$	99,839	$	106,680	$	109,652	$	106,009	$	422,180
Gross margin		21,098		24,789		27,078		26,675		99,640
Net income		2,859		5,442		6,364		4,911		19,576
Net income attributable to Photronics, Inc. shareholders		2,323		4,863		5,940		4,840		17,966
Earnings per share:
Basic	$	0.04	$	0.08	$	0.10	$	0.08	$	0.30
Diluted	$	0.04	$	0.08	$	0.10	$	0.08	$	0.29
Fiscal 2012:	(b) (c)		(d)				(e)		(b) (c) (d) (e)
Net sales	$	112,154	$	117,451	$	116,616	$	104,218	$	450,439
Gross margin		25,458		29,861		32,304		24,297		111,920
Net income		4,841		9,530		11,267		4,217		29,855
Net income attributable to Photronics, Inc. shareholders		4,268		8,818		10,950		3,832		27,868
Earnings per share:
Basic	$	0.07	$	0.15	$	0.18	$	0.06	$	0.46
Diluted	$	0.07	$	0.14	$	0.16	$	0.06	$	0.44

(a) Includes transaction expenses of $0.8 million, net of tax, in connection with the pending joint venture with DNP Photomask Technology Co., Ltd.

(b) Includes consolidation and restructuring charges of $1.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

(c) Includes non-cash gain of $0.1 million, net of tax, in connection with subsequent measurement at fair value of warrants issued to purchase the Company’s stock.

(d) Includes consolidation and restructuring charges of $0.1 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.

(e) Includes consolidation and restructuring charges of $0.2 million, net of tax, in connection with the discontinuance of manufacturing operations at the Company’s Singapore facility.